Includes Index.

The book begins with the author's widely-cited essay on globalization and democracy. These argue that while economic globalization occurring at breakneck speed and offers large potential benefits, political globalization has been painfully slow. This represents a dangerous combination of events, a byproduct of which can be the retreat of democracy and the emergence of political instability.
The book then moves to a wide terrain- ideas in economics, anthropological observations on social norms , the role of culture, and travel in India and abroad. Two recurring themes crisscross the essays. First the ultimate objective of policy-making must be the progress of the most disadvantaged, and simultaneously that to ignore market laws and individual incentives is to court failure. Second, that for the successful crafting of economic policy it is important to recognize marketers as embedded in specific cultures and social norms.
Included here - alongside essays on major economists such as Amartya Sen and Joseph Stiglitz - are humorous essays on everyday encounters with Indian bureaucracy. These function in part as allegories of the Kafkaesque stranglehold of political structures on the individual.They caution us against the presumption of individual freedom on which traditional economics is founded.